Plastech (southern) Limited

Plastech Southern Ltd, based in Lancashire, UK, is a small holding company with an active status, having been founded 18 years ago. The company employs 26 people and holds assets totaling £3,013,748. While it has a registered address, it’s likely a virtual one, as twenty companies are registered there. With three directors and one owner, Plastech Southern Ltd operates as a regular importer of plastics and plastic products, with three months of import activity recorded.

The company’s operations appear to center around acting as agents involved in the sale of timber and building materials. The website is non-existent, so it’s difficult to determine if they operate an e-commerce site.

Financially, Plastech Southern Ltd presents a mixed picture. While cash reserves increased significantly by 100% to £670,000, trade debtors decreased by 11%, suggesting a bit of a challenge in collecting payments. Creditors also increased by 6%, which could be a sign of increased borrowing or supplier costs. Despite these challenges, the company’s net assets remained stable at £520,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. The fact that bank borrowings decreased by 34% is a positive sign. The company is exempt from an audit, so the figures are unaudited. The increase in property, plant, and equipment by 28% could indicate investment in the business.

Registered in England/Wales under the registration number 05889813, with a registered address at PR1 3HP, Lancashire, Richard House, Winckley Square, Preston.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.